Company Registration No. 11817576 (England and Wales)
EAST POINT INTERIORS LIMITED
Unaudited accounts
for the year ended 29 February 2024
EAST POINT INTERIORS LIMITED
Unaudited accounts
Contents
EAST POINT INTERIORS LIMITED
Company Information
for the year ended 29 February 2024
Director
Mr Connor Lowe-Szomjas
Secretary
Miss Samantha Burnett
Company Number
11817576 (England and Wales)
Registered Office
Grandora
Hall Lane
Lowestoft
NR32 5BL
ENGLAND
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
EAST POINT INTERIORS LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
16,164
20,204
Cash at bank and in hand
3,073
6,979
Creditors: amounts falling due within one year
(19,536)
(6,207)
Net current assets
43,067
15,120
Total assets less current liabilities
59,231
35,324
Creditors: amounts falling due after more than one year
(8,424)
(6,726)
Called up share capital
2
2
Profit and loss account
50,805
28,596
Shareholders' funds
50,807
28,598
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 March 2024 and were signed on its behalf by
Mr Connor Lowe-Szomjas
Director
Company Registration No. 11817576
EAST POINT INTERIORS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
EAST POINT INTERIORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11817576. The registered office is Grandora, Hall Lane, Lowestoft, NR32 5BL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
2,880
27,245
1,648
31,773
At 29 February 2024
2,880
27,245
1,648
31,773
At 1 March 2023
1,583
9,288
698
11,569
Charge for the year
259
3,591
190
4,040
At 29 February 2024
1,842
12,879
888
15,609
At 29 February 2024
1,038
14,366
760
16,164
At 28 February 2023
1,297
17,957
950
20,204
EAST POINT INTERIORS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
14,150
12,136
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
18,745
5,009
Loans from directors
146
553
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
6,726
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).